Exchange Rules

EXCHANGE RULES
v3.0
for which a detailed reason must be given, by calling a meeting either in person
or by suitable telecommunication means, without undue delay.
(15) The members of Members Chamber shall elect by means of secret ballot the
Chairman and the Vice-Chairman of Members Chamber for a term of 4 years that
can be renewed. If either the elected Chairman or Vice-Chairman of Members
Chamber until their election held either chairmanship or vice-chairmanship of any
Market Committees, those tenures cease with the election to chairmanship or
vice-chairmanship of Members Chamber and they cannot be elected Chairman or
Vice-Chairman of any Market Committees for the duration of the tenure as
Chairman or Vice-Chairman of Market Chamber. The Chairman shall preside over
the proceedings of the Members Chamber and of the Exchange Council, or if he is
personally unable to do so, Vice-Chairman. If both Chairman and Vice-Chairman
are either not elected yet or personally unable to preside over the respective
proceedings, the representative of BSP in the Members Chamber shall preside
over the designation of Acting Chairman, that shall be designated in accordance
with the rules for passing a resolution of the Members Chamber on the motion
proposed by the representative of BSP in the Members Chamber.
(16) The Management must allow the Members Chamber at least 8 days to formulate
its reasoned opinion regarding matters of fundamental importance before
publication of respective amendments to the General Rules, Appendices and
Definitions, unless quicker publication and subsequent implementation are
required by applicable laws or competent authorities. Upon request by
Chairperson of either the Members Chamber or of the Exchange Council the
Management may prolong the deadline for submission of Members Chamber’s
opinion set initially.
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